Right now, the U.S. national average interest rate on savings account balances is nowhere near enough to keep pace with inflation. The good news is you can do better with high-yield savings accounts.
Below, CNBC Select breaks down the best investment accounts for kids, not including savings vehicles like certificates of deposit (CDs) or high-yield savings accounts. When it comes to choosing ...
However, investment accounts are riskier than bank accounts. While savings accounts are FDIC-insured and can’t lose money, investment accounts aren’t usually insured against losses.